Gas Prices

BeanCounterGrad'03 · May 22, 2008

This news break just came across my company intranet:

New bio-gasoline product developedXcelPlus Global Holdings Inc announces the acquisition of BIOLENE , a newly developed bio-gasoline product.

HARTFIELD, Va. -- XcelPlus Global Holdings Inc. announces the acquisition of BIOLENE , a newly developed bio-gasoline product.

XcelPlus Global Holdings working in conjunction with Maverick BioFuels developed the technology in which a fuel compatible with internal combustion gasoline engines is derived from natural renewable oils like soybean and vegetable oil. Initial marketing efforts will focus on an additive package for converting ordinary biodiesel into gasoline.

The Biolene additive package will be blended by Xcelplus International Inc and will enable producers and consumers of biodiesel to convert the biofuel for use in any gasoline powered engine. The additive is expected to be on the market later this year. Home blenders can expect final pump-grade fuel to cost approximately $2.70 per gallon.

According to Bill R. Smith, president of Xcelplus, 'current testing of the fuel is being conducted with test vehicles run exclusively on Biolene. The test vehicles are being monitored for CO, CO2, hydrocarbon, O2 and NOx exhaust emissions, and we are very pleased with test results to date. We are looking towards an ASTM testing for the fuel before launching it into global markets.'

SOURCE: Xcelplus Global Holdings Inc. via PR Newswire.

Just thought it might be applicable. Peace out.

greenminer · May 22, 2008

This news break just came across my company intranet:
New bio-gasoline product developedXcelPlus Global Holdings Inc announces the acquisition of BIOLENE , a newly developed bio-gasoline product.
HARTFIELD, Va. -- XcelPlus Global Holdings Inc. announces the acquisition of BIOLENE , a newly developed bio-gasoline product.
XcelPlus Global Holdings working in conjunction with Maverick BioFuels developed the technology in which a fuel compatible with internal combustion gasoline engines is derived from natural renewable oils like soybean and vegetable oil. Initial marketing efforts will focus on an additive package for converting ordinary biodiesel into gasoline.
The Biolene additive package will be blended by Xcelplus International Inc and will enable producers and consumers of biodiesel to convert the biofuel for use in any gasoline powered engine. The additive is expected to be on the market later this year. Home blenders can expect final pump-grade fuel to cost approximately $2.70 per gallon.
According to Bill R. Smith, president of Xcelplus, 'current testing of the fuel is being conducted with test vehicles run exclusively on Biolene. The test vehicles are being monitored for CO, CO2, hydrocarbon, O2 and NOx exhaust emissions, and we are very pleased with test results to date. We are looking towards an ASTM testing for the fuel before launching it into global markets.'
SOURCE: Xcelplus Global Holdings Inc. via PR Newswire.
Just thought it might be applicable. Peace out.

Awesome. So the cost spikes will be transferred over to the agricultural level where people can expect to pay 6 bucks for some Veggie oil or a Big Mac.

SUMG · May 22, 2008

This news break just came across my company intranet:
New bio-gasoline product developedXcelPlus Global Holdings Inc announces the acquisition of BIOLENE , a newly developed bio-gasoline product.
HARTFIELD, Va. -- XcelPlus Global Holdings Inc. announces the acquisition of BIOLENE , a newly developed bio-gasoline product.
XcelPlus Global Holdings working in conjunction with Maverick BioFuels developed the technology in which a fuel compatible with internal combustion gasoline engines is derived from natural renewable oils like soybean and vegetable oil. Initial marketing efforts will focus on an additive package for converting ordinary biodiesel into gasoline.
The Biolene additive package will be blended by Xcelplus International Inc and will enable producers and consumers of biodiesel to convert the biofuel for use in any gasoline powered engine. The additive is expected to be on the market later this year. Home blenders can expect final pump-grade fuel to cost approximately $2.70 per gallon.
According to Bill R. Smith, president of Xcelplus, 'current testing of the fuel is being conducted with test vehicles run exclusively on Biolene. The test vehicles are being monitored for CO, CO2, hydrocarbon, O2 and NOx exhaust emissions, and we are very pleased with test results to date. We are looking towards an ASTM testing for the fuel before launching it into global markets.'
SOURCE: Xcelplus Global Holdings Inc. via PR Newswire.
Just thought it might be applicable. Peace out.

Oddly enough...the city of Denton just ended its' experiment with bio-diesel:

http://www.dentonrc.com/sharedcontent/dws/...4.facf3d01.html

UNTflyer · May 23, 2008

So, you are saying 'GIVE US YOUR GASOLINE!".
How are those mutually exclusive, it won't matter how we increase production in the long run, because can't meet growth.

That doesn't make sense. We can't possibly meet increased demand so why bother increasing production? Hmm.

And most of those are going to be much more expensive. You are going to get $2.25 a gallon gasoline out of Canadian Oil Sands.

Far better than the $3.85 I paid this afternoon.

What CEO in their right mind would agree to that sword of damocles dangling over them?
The only proper way is to enforce higher efficiency standards on everything. Autos, homes, electronics, let the market self correct by raising gas prices and forcing people to live closer to work and not travel as much.
Of course, that won't make Oil Companies billions, so I am guessing you aren't too interested in that.

The same CEO who wants to increase value for the shareholders. And I disagree that the only way is to make more efficient products (for which you will pay more, BTW). We need to work on both sides of the Supply-Demand equation. I am interested in what's best for the overall economy of our country.

greenminer · May 23, 2008

blatherin' blatherskite!

HoustonEagle · May 23, 2008

An interesting article. BTW...I've always thought that T Boone Pickens was a shady character. This guy sure seems to imply that, as well:
http://seekingalpha.com/article/78440-the-...es?source=yahoo

Phil Davis of "Phil's Stock World" is clearly an expert on Crude Oil.

HoustonEagle · May 23, 2008

My vision is of a world where oil flows freely from Alaska and Colorado and North Dakota and the Gulf and the coast of California and Florida...
But everyone says "It won't make a difference" out one side of their mouth while claiming "Supply all over the world is peaking" out the other.
As far as "We're screwed" after we use up all our oil, maybe and maybe not. We're talking about proven reserves. They just found 200 billion barrels in North Dakota that will take some extra work to get to, but it is there.
13 years is a long time to develop alternative fuels. With the current oil crisis, this may be the time to shut down imports, open up our own reserves, drill ANWR and other reserves, but with the condition that they come up with something new within a 10 year deadline or face stiff excise fees... I'm talking billions.

The US demand on world production has been around 25% and now other countries are starting to catch up. Couple that with the fact the cheap reserves are gone and high prices are the result. What is so mysterious about this? Why does there always need to be a conspiracy? And, was it ever a right for us to have cheap gasoline for our cars? Is that in the Constitution and I missed it? High prices right now are a problem on people's budgets but they will also lead to efficiency and increased production. With the considerable demand we have right now across the globe we desperately need both.

GoMeanGreen1999 · May 23, 2008

The US demand on world production has been around 25% and now other countries are starting to catch up. Couple that with the fact the cheap reserves are gone and high prices are the result. What is so mysterious about this? Why does there always need to be a conspiracy? And, was it ever a right for us to have cheap gasoline for our cars? Is that in the Constitution and I missed it? High prices right now are a problem on people's budgets but they will also lead to efficiency and increased production. With the considerable demand we have right now across the globe we desperately need both.

So do you believe there is an end to the oil? I would have to do a lot more research, but I wonder if the Earth doesn't just keep supplying oil. Of course, I could also be off my rocker.

Edited May 23, 2008 by GoMeanGreen1999

Eagle1855 · May 23, 2008

So do you believe there is an end to the oil? I would have to do a lot more research, but I wonder if the Earth doesn't just keep supplying oil. Of course, I could also be off my rocker.

I've actually heard a little bit more about that lately. I don't really know a lot on the science of the earth's mantle, etc... but you surely aren't completely off your rocker.

Now whether or not it replenishes at a rate greater than we extract it is another subject entirely. Though that subject might prove to be superior to "woe is UNT" talk...

Coffee and TV · May 23, 2008

So do you believe there is an end to the oil? I would have to do a lot more research, but I wonder if the Earth doesn't just keep supplying oil. Of course, I could also be off my rocker.

Even by the absolute highest estimates and optimism over how far technology can reach to the depths of the earth, there will be no oil in about 100 years. Oil is a fossil fuel created by carbon deposits millions of years ago, it just can't replinish as quickly as we consume it.

greenminer · May 23, 2008

Even by the absolute highest estimates and optimism over how far technology can reach to the depths of the earth, there will be no oil in about 100 years. Oil is a fossil fuel created by carbon deposits millions of years ago, it just can't replinish as quickly as we consume it.

what about coffee? or TV? Are those fossil fuels?

Green Mean · May 23, 2008

what about coffee? or TV? Are those fossil fuels?

Coffee creates a lot of gas and fuel coming out of my butt

Eagle1855 · May 23, 2008

Coffee creates a lot of gas and fuel coming out of my butt

I have no idea why I laughed out loud when I read this. Maybe because I had like 4 hours of sleep last night after a typical Thursday night bender. Or because I have the maturity of a 12 year old. Either way...

GoMeanGreen1999 · May 23, 2008

Even by the absolute highest estimates and optimism over how far technology can reach to the depths of the earth, there will be no oil in about 100 years. Oil is a fossil fuel created by carbon deposits millions of years ago, it just can't replinish as quickly as we consume it.

Not to shift the focus of this topic off of Gas, but is the earth millions or billions of years old? I hear both, and I just want to be clear on it. Kind of the like the whole global warming thing. We had 27 hurricanes one year because of Global Warming, and then another year we only had 4 and it was because of Global Warming.

Now back to gas.

Edited May 23, 2008 by GoMeanGreen1999

yyz28 · May 23, 2008

The latest report I've seen from the US Energy Department says that completely opening up ANWR, and accepting all the environmental change that would occur, would lead to peak production of ~880k barrels a day by 2025 and would lower oil prices by about 50 cents a barrel.

You leave out two huge points -

First, we need to drill in a HELL of a lot more places than ANWR...

...and Second, more supply, even a little, will cause the market to over-react. The very threat of lowering supply cause the market to surge up - the fact that we would have more supply dometically would cause the speculators to BAIL on oil to get their profits before the sucker falls. This would cause a massive correction in the inflated oil commodity market.

Remember - Higher Oil & Gas prices are beging caused by NOT ONE, but multiple things, and in no particular order -

1. lack of stability in the Middle East.

2. unfriendly regimes in places we used to get a lot of our oil.

3. OPEC refusing to produce more (when they have the capacity to do so) - and now because of 1 and 2, they have more control over our supply.

4. "boutique" blends. 50 states in ths country, and there are 40 different state specific blends of mutiliple octane ratings AND special summer blends in most states. This creates down-time in refineries to make the next batch.

5. Lack of refineries and capacity.

6. Government (federal and state) A. disallowing exploration and extaction in most of the places the domestic supply is large, and B. taxing to the point that they have collected more revenue than major oil has made profit since 1977.

7. joe-bob in his underwear at home on his computer playing the commodities market.

...you have a positive move in any of the first 6, and the guys discussed in number 7 run for cover, dump their futures and the price comes down.

Remember, when price is drivin by the coomodities market, perception IS reality.

UNTflyer · May 23, 2008

what about coffee? or TV? Are those fossil fuels?

Bea Arthur?

UNTflyer · May 23, 2008

Remember - Higher Oil & Gas prices are beging caused by NOT ONE, but multiple things, and in no particular order -

Oh, you're off your rocker. It's about greed, and it's time we put these CEOs in their place by... by... by taking away their money! That'll teach them not to be greedy!

Censored by Laurie · May 23, 2008

Oh, you're off your rocker. It's about greed, and it's time we put these CEOs in their place by... by... by taking away their money! That'll teach them not to be greedy!

gladCtoOseeMyou'reMstartingUtoNcomeImySsideM

That should keep some people scratching their heads for a moment or two...have a great weekend

UNTflyer · May 23, 2008

In a grilling of oil executives by a House panel yesterday, Rep. Maxine Waters, D-Calif., threatened to nationalize the industry if it didn't do something about the rising prices at the pump.

A report by Fox News, captured in a clip posted on YouTube.com, showed Waters challenging the president of Shell Oil, John Hofmeister, to guarantee the prices consumers pay will go down if the oil companies are allowed to drill wherever they want off of U.S. shores.

Hofmeister replied: "I can guarantee to the American people, because of the inaction of the United States Congress, ever-increasing prices unless the demand comes down. And the $5 will look like a very low price in the years to come if we are prohibited from finding new reserves, new opportunities to increase supplies."

Waters responded, in part, "And guess what this liberal would be all about. This liberal will be about socializing … uh, um. …"

The congresswoman paused to collect her thoughts.

"Would be about, basically, taking over, and the government running all of your companies. …"

The oil executives responded, according to Fox News, by saying they've seen this before, in Hugo Chavez's Venezuela.

PUaY3LhJ-IQ&hl

Edited May 23, 2008 by UNTflyer

UNTLifer · May 23, 2008

Someone please explain why diesel is so much more expensive than gasoline when it is cheaper to refine.

Green Mean · May 23, 2008

Someone please explain why diesel is so much more expensive than gasoline when it is cheaper to refine.

Not sure on that but I think its more expensive because it is more harmful to the environment than gas is.

yyz28 · May 23, 2008

In a grilling of oil executives by a House panel yesterday, Rep. Maxine Waters, D-Calif., threatened to nationalize the industry if it didn't do something about the rising prices at the pump.
A report by Fox News, captured in a clip posted on YouTube.com, showed Waters challenging the president of Shell Oil, John Hofmeister, to guarantee the prices consumers pay will go down if the oil companies are allowed to drill wherever they want off of U.S. shores.
Hofmeister replied: "I can guarantee to the American people, because of the inaction of the United States Congress, ever-increasing prices unless the demand comes down. And the $5 will look like a very low price in the years to come if we are prohibited from finding new reserves, new opportunities to increase supplies."
Waters responded, in part, "And guess what this liberal would be all about. This liberal will be about socializing … uh, um. …"
The congresswoman paused to collect her thoughts.
"Would be about, basically, taking over, and the government running all of your companies. …"
The oil executives responded, according to Fox News, by saying they've seen this before, in Hugo Chavez's Venezuela.

I love it when they expose themselves for what they really are. SOCIALISTS!!! ROTFLMAO!

UNTflyer · May 24, 2008

I love it when they expose themselves for what they really are. SOCIALISTS!!! ROTFLMAO!

Some are worst than socialist... downright Marxist is you ask me.

eulesseagle · May 24, 2008

scroll down and hit the senate hearing on this

http://worldnetdaily.com/index.php?fa=PAGE...mp;pageId=65111

congress, environmental groups and bill clinton put drilling areas off limits for exploration and now a fed agency is putting the polar bear on the endangered species list so that oil companies can not drill.......both houses of congress are responsible for the gas turmoil for the last 25 years on exploration and, the caveat, building more refineries......

this is a great video from this week

http://www.worldnetdaily.com/index.php?fa=...mp;pageId=65131

govt get in way for U.S. to drill in alaska:

http://www.timesonline.co.uk/tol/news/envi...icle3987891.ece

Edited May 24, 2008 by eulesseagle

meangreendork · May 24, 2008

Rubbish... these are long term speculators looking to put more fear in the market. Our economy cannot sustain $12-15 per gallon.

Hirsch is talking out of his butt. When gas gets near $12-$15 a gallon, the economy will have already shut down and we'll have more pressing matters to solve (civil unrest, etc) because when gas runs up to $8 a gallon, almost no one will be able to afford to go anywhere. Not to mention that I think we're looking at a futures market-induced bubble here.

Also, let's not sue OPEC. There's gotta be a better way to do it.

Edited May 24, 2008 by meangreendork